Mitt Romney is now favored to win the state of Florida during the Presidential Election, according to the online bookmakers. lists Romney's odds of winning Florida at -125.

That means if you bet $125 on Romney winning Florida, and he does, you would win $100 plus your initial investment of $125 or $225 total.

Just last month, President Obama was a huge favorite (-170) to win Florida.

Florida is a key battleground state with 29 electoral votes.